An Evaluation of Austin Community College’s Title III SIP Proposal

ACC proposes to establish an Office of Student Money Management (ACC-OSMM) – the office’s mission would be to give a stronger foundation to students’ academic and career goals and successes by helping them take charge of their financial futures.Two of the inaugural activities of ACC-OSMM will be:

to establish a system of sending text message reminders regarding annual Free Application for Federal Student Aid (FAFSA) renewal to first-year college students who are already receiving financial aid, and

to enhance the main tool (Degree Map Online) that ACC counselors use to advise students to include ‘real time’ personalized financial aid information. This will improve integration of financial aid and loan awareness into student conversations with academic advisors and counselors.

ACC hopes to demonstrate that the activities of ACC-OSMM would be linked to improvements in measures of student success such as: graduation rate, time to completion, retention/persistence, and cohort loan default rate (CDR). ACC will partner with the Ray Marshall Center (RMC) to perform an evaluation, both formative and summative, on the effectiveness of these efforts on the student outcome measures of interest. Both types of evaluations provide actionable information about the success of the intervention while each successive cohort of recipients is in the process of receiving services, allowing for relatively rapid reflection and program modification as needed by ACC staff. Both evaluations are intended to measure the implementation, aggregate outcomes, and the impact of these efforts on Full Time First Time in College (FTFIC) loan or Pell grant receiving students’ graduation rates, 3-year Cohort Default Rates (CDR), retention rates, and fall to fall persistence for those who are Pell eligible. A host of intermediate steps related to these outcomes will also be measured.